Do ICOP and KWH hold the same stocks?

By their latest filings, 2% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, ICOP or KWH?

ICOP has 14% of its weight in S&P 500 names and KWH has 41%, so ICOP differs more from the index.

Which is cheaper, ICOP or KWH?

ICOP charges 0.47% a year and KWH charges 0.60%, so ICOP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ICOP vs KWH: Holdings Overlap & Returns

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ICOP and KWH hold 2% of their weight in the same names.

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Net assets: $423m on Nov 4, 2026 for iShares Copper and Metals Mining ETF, and $58m on Aug 31, 2026 for GMO Power Infrastructure ETF.

ICOP on its own →KWH on its own →

At a glance

13.5%

ICOP in the S&P 500

41.4%

KWH in the S&P 500

+35.5%

ICOP total return, 1 year

−6.1%

KWH total return, since launch, Jul 15, 2026

ICOP · 1 year to Nov 4, 2026 87% of its weight is outside the S&P 500

14% of ICOP's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 3, 2026.

KWH · 3 months to Nov 4, 2026 59% of its weight is outside the S&P 500

41% of KWH's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

ICOP costs 0.13 points a year less.

ICOP vs KWH: Holdings Overlap & Returns
Measure	ICOP	KWH
Return
Measure	ICOP	KWH
Total return, 1 year	+35.5%	not published
Drawdown
Measure	ICOP	KWH
Below its all-time high	20.4%, high on Aug 25, 2026	8.5%, high on Aug 17, 2026
Benchmark
Measure	ICOP	KWH
What it tracks	Copper	Electrification and the grid
Cost and size
Measure	ICOP	KWH
Expense ratio	0.47%	0.60%
Net assets, ICOP as of Nov 4, 2026 and KWH as of Aug 31, 2026	$423m	$58m
Holdings
Measure	ICOP	KWH
Holdings in common	2%

Method

What they share

By the books each fund has filed, ICOP and KWH hold 2% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first ICOP KWH

FREEPORT MCMORAN INC 8.29% 1.24%

ANGLO AMERICAN PLC 8.87% 1.16%

Only in one fund ↓

Only in ICOP

GRUPO MEXICO B 8.87%

BHP GROUP LTD 8.28%

TECK RESOURCES SUBORDINATE VOTING 6.21%

NEWMONT 5.19%

SOUTHERN COPPER CORP 4.86%

LUNDIN MINING 4.47%

ANTOFAGASTA PLC 4.44%

FIRST QUANTUM MINERALS 3.97%

Only in KWH

Schneider Electric SE 5.14%

Siemens AG 4.68%

Eaton Corp PLC 3.43%

Trane Technologies PLC 2.69%

Enel SpA 2.52%

NextEra Energy Inc 2.52%

Iberdrola SA 2.51%

Vestas Wind Systems A/S 2.50%

Check overlap with more funds →

Window by window

Window by window: ICOP vs KWH: Holdings Overlap & Returns
	Total return
Window	ICOP	KWH
3 months	−11.1%	−6.7%
6 months	−7.0%	–
1 year	+35.5%	–
3 years	+128.6%	–
Since launchNot the same days: ICOP Jun 2023 · KWH Jul 2026	+113.8%	−6.1%

– means no data for this window. Open this comparison in the app →

Side by side

ICOP iShares Copper and Metals Mining ETF · Holds 65 stocks in copper, 14% of its weight in S&P 500 companies KWH GMO Power Infrastructure ETF · Holds 74 stocks in electrification and the grid, 41% of its weight in S&P 500 companies

Issuer iShares GMO

Theme Copper Electrification and the grid

In the S&P 500 13.5% 41.4%

Active share vs the S&P 500 99.7% 96.9%

In the Nasdaq-100 0.0% 4.9%

Holdings 65 74

Top ten, share of the fund 63.4% 30.8%

Expense ratio 0.47% 0.60%

Fee for the differing part 0.47% 0.62%

Total return, 1 year +35.5% −6.1% (since launch, Jul 15, 2026)

vs its benchmark not measured not measured

Below its high −20.4% −8.5%

Net assets, ICOP as of Nov 4, 2026 and KWH as of Aug 31, 2026 $423m $58m

As of Nov 4, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

Alert

About each fund

ICOP

By weight, 14% of ICOP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 63% of the fund across 65 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +35.5% with distributions reinvested. It sits 20.4% below its all-time high of Aug 25, 2026.

KWH

By weight, 41% of KWH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 31% of the fund across 74 positions, as filed for Aug 31, 2026. Since it first traded on Jul 15, 2026 the fund returned −6.1% with distributions reinvested. It sits 8.5% below its all-time high of Aug 17, 2026.

Questions people ask

Do ICOP and KWH hold the same stocks?: By their latest filings, 2% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ICOP or KWH?: ICOP has 14% of its weight in S&P 500 names and KWH has 41%, so ICOP differs more from the index.
Which is cheaper, ICOP or KWH?: ICOP charges 0.47% a year and KWH charges 0.60%, so ICOP is cheaper. Fees come from each fund's prospectus.

Other comparisons

ICOP vs JOUL ICOP vs POW ICOP vs FPWR ICOP vs TPZ KWH vs COPX KWH vs COPP KWH vs COPJ KWH vs COPA

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ICOP on its own →KWH on its own →ICOP dividend history →ICOP holdings →KWH holdings →Method →Standards and sources →

Sources and dates

ICOP filings on SEC EDGAR ↗

ICOP prospectus with the expense ratio (SEC) ↗

iShares page for ICOP ↗

KWH filings on SEC EDGAR ↗

KWH prospectus with the expense ratio (SEC) ↗

GMO website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, ICOP against KWH, data as of Nov 4, 2026. https://etfiq.com/compare/themes/icop-vs-kwh

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.